The World's Greatest Coal Arbitrage: China's Coal Import Behavior and Implications for the Global Coal Market

Author(s):  
Richard K. Morse ◽  
Gang He
Keyword(s):  
2017 ◽  
Vol 27 (2) ◽  
pp. 197-209 ◽  
Author(s):  
Jarosław Brodny ◽  
Sara Alszer ◽  
Jolanta Krystek ◽  
Magdalena Tutak

Abstract Underground extraction of coal is characterized by high variability of mining and geological conditions in which it is conducted. Despite ever more effective methods and tools, used to identify the factors influencing this process, mining machinery, used in mining underground, work in difficult and not always foreseeable conditions, which means that these machines should be very universal and reliable. Additionally, a big competition, occurring on the coal market, causes that it is necessary to take action in order to reduce the cost of its production, e.g. by increasing the efficiency of utilization machines. To meet this objective it should be pro-ceed with analysis presented in this paper. The analysis concerns to availability of utilization selected mining machinery, conducted using the model of OEE, which is a tool for quantitative estimate strategy TPM. In this article we considered the machines being part of the mechanized longwall complex and the basis of analysis was the data recording by the industrial automation system. Using this data set we evaluated the availability of studied machines and the structure of registered breaks in their work. The results should be an important source of information for maintenance staff and management of mining plants, needed to improve the economic efficiency of underground mining.


2016 ◽  
Vol 14 (2) ◽  
pp. 323
Author(s):  
Mansyur -

European Industrial Revolution in the eighteenth century brought great changes not only in Europe itself but also in other parts of the world including Indonesia which was used to be a country of Dutch colony. The invention of steam-powered ships triggered the Dutch to use steam-powered vessels as the alteration of yachts, wind-powered ships, in the 19th century. At the beginning, the steam-powered ships used rotating wheels in the left and right side; however, the ships finally used ordinary windmills or propellers. The decrease and the lack of this production was getting worsened the competition of other producer countries in world market and the unstable coal market and in crisis year in 1930, Pulau Laut Mining Company production dropped so that it was closed down in the same year.


2016 ◽  
Vol 106 (10) ◽  
pp. 3029-3063 ◽  
Author(s):  
Sandra Sequeira

This paper exploits quasi-experimental variation in tariffs in southern Africa to estimate trade elasticities. Traded quantities respond only weakly to a 30 percent reduction in the average nominal tariff rate. Trade flow data combined with primary data on firm behavior and bribe payments suggest that corruption is a potential explanation for the observed low elasticities. In contexts of pervasive corruption, even small bribes can significantly reduce tariffs, making tariff liberalization schemes less likely to affect the extensive and the intensive margins of firms' import behavior. The tariff liberalization scheme is, however, still associated with improved incentives to accurately report quantities of imported goods, and with a significant reduction in bribe transfers from importers to public officials. (JEL D22, D73, F13, H83, O17, O19, O24)


1995 ◽  
Vol 13 (4) ◽  
pp. 331-340
Author(s):  
J.T. Jeffreys

The paper examines the trends and techniques now being adopted by the Australian coal mining industry to improve efficiency and competitiveness in the face of an increasingly difficult international and domestic coal market. Quality Assurance certification to internationally accepted standards has been gained by some operators whilst many more companies are implementing varied forms of Total Quality Control concepts. These concepts now so well established in traditional manufacturing industries, have not previously been associated with the vagaries of the coal industry but are now being pursued by many in an effort to gain or retain a competitive edge. The paper also explains some of the actual processes being undertaken by the mining companies and outlines some of the systems being developed and utilised to undertake preliminary analysis and evaluation of existing and proposed management systems prior to implementing TQC systems.


1980 ◽  
Author(s):  
K.A. Guziel ◽  
G.C. Krohm ◽  
J.C. VanKuiken ◽  
C.M. Macal

Author(s):  
Andrey V. Cherechukin ◽  

The article provides an analysis of key trends in the international market, using the example of the countries of Northeast Asia. In 2019, the world coal market amounted to 1,424.5 million tons, of which 78.1% are energy grades to produce electricity and heat, and 21.9% are in metallurgy, the reserves of which are significantly less. The import coal market of the countries of Northeast Asia in 2019 was already 680 million tons, covering 48% of the entire world coal market. The paper provides an overview of the key importers and exporters of coal in the world, the quantitative and qualitative characteristics of the supplied raw materials, and analyzes the key factors affecting the pricing of coal. In the conclusions, the main trends in the international coal market of the countries of Northeast Asia are presented, including "geographical" — the shift of the center of world trade from Europe to Asia, and "types and quality of imported coal" — an increase in the share of high-quality premium energy and coking (metallurgical). Trends can be clearly seen in the countries of Northeast Asia, which actively use coal, and are making efforts to decarbonize their national economies, while intensifying inter-fuel competition with other primary energy sources.


2020 ◽  
Vol 5 (12) ◽  
pp. 147-152
Author(s):  
G. L. KRASNYANSKY ◽  
◽  
A. E. SARYCHEV ◽  

The article highlights the changes in the global thermal coal market associated with the consequences of the COVID-19 pandemic, examines the dynamics of import volumes by key countries - consumers of thermal coal and export volumes by major exporting countries, as well as price changes in the main international markets. Analysis of changes in the global steam coal market caused by the consequences of the COVID-19 pandemic and a number of other objective factors demonstrates a change in the competitive positions of the largest exporting countries, which may have long-term consequences. In addition, the article examines the continuing trend of dividing the thermal coal market into the high-calorie and low-calorie thermal coal markets, which have multidirectional development prospects.


Author(s):  
V.B. Kondratiev

The global economic recovery in 2021 will lead to a recovery in coal demand after a significant drop in 2020 caused by the Covid-19 crisis. There is no indication that the global coal consumption will decline significantly in the coming years, as increased demand in some Asian countries will offset declines in others. Based on the assumption of a global economic recovery, experts forecast a 2.6% growth in the global coal demand in 2021, driven by an increased demand for electricity and industrial production. The economies of China, India and Southeast Asia account for most of the growth. The future of coal will largely be decided in Asia. Today, China and India account for 65% of the world's coal demand. Taking into account Japan, Korea, Taiwan and Southeast Asia, this share rises to 75%. China will be particularly influential, as it currently accounts for half of the world's coal consumption. By 2025, the European Union and the United States will account for less than 10% of global coal demand, down from 37% in 2000.


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